Bloomington-normal Area Economic Development Council
501(c)(6)
Only null% goes to programs Strong reserves
Bloomington-normal Area Economic Development Council is a 501(c)(6) organization based in Normal, Illinois, registered in 1987, with $1,063,313 in FY2024 revenue. CharityIndex grades it C+.
200 W College Ave Ste 402, Normal, IL, 61761 EIN 37-1169886 Since 1987
Revenue (FY2024)
$1.1M
▲ 43.2% vs prior year
Expenses (FY2024)
$1.3M
Net assets
$695K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bloomington-normal Area Economic Development Council— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating7 mo reserves · -20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bloomington-normal Area Economic Development Council: 7 mo reserves · -20% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Bloomington-normal Area Economic Development Council— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bloomington-normal Area Economic Development Council: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $522K (FY2013) to $1.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $195KNet assets $695K
Operating margin
-19.9%
Spent more than it raised in the latest fiscal year.
Total assets
$890K
Total liabilities
$195K
Net assets
$695K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,063,313▲43.2% | $1,275,093▲20.7% | $695,126▼23.4% | $889,820▼15.9% | 990 |
| 2023 | $742,304▼24.4% | $1,056,780▼1.4% | $906,906▼25.0% | $1,057,647▼21.2% | 990 |
| 2022 | $981,896▲5.6% | $1,072,023▲37.8% | $1,209,882▼6.9% | $1,341,348▼0.6% | 990 |
| 2021 | $930,075▼19.1% | $777,817▲9.0% | $1,300,009▲13.3% | $1,349,335▲12.7% | 990 |
| 2020 | $1,149,476▲42.3% | $713,488▼3.3% | $1,147,748▲61.3% | $1,197,082▲60.0% | 990 |
| 2019 | $808,001▼21.2% | $737,768▼12.2% | $711,760▲10.9% | $748,269▲11.7% | 990 |
| 2018 | $1,025,901▲25.7% | $840,112▼9.9% | $641,527▲40.8% | $669,930▲29.7% | 990 |
| 2017 | $816,043▲20.1% | $932,365▼7.3% | $455,738▼20.3% | $516,471▼16.4% | 990 |
| 2016 | $679,460▲23.6% | $1,006,323▲18.7% | $572,060▼36.4% | $618,104▼37.3% | 990 |
| 2015 | $549,601▲11.6% | $847,920▼9.5% | $898,923▼24.9% | $985,944▼21.3% | 990 |
| 2014 | $492,409▼5.7% | $936,734▲35.7% | $1,197,242▼27.1% | $1,252,197▼25.0% | 990 |
| 2013 | $522,389 | $690,190▼1.6% | $1,641,567▼9.3% | $1,669,671▼8.7% | 990 |
| 2012 | — | $701,567▼24.1% | $1,809,368▲22.0% | $1,827,802▲21.5% | 990 |
| 2011 | — | $924,316 | $1,482,569 | $1,503,977 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $132K total
8 grants to Bloomington-normal Area Economic Development Council totaling $132K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Osf Healthcare System | Support of org operations | 2020 | $15,000 |
| Osf Healthcare System | Support of org operations | 2019 | $21,000 |
| Advocate Health and Hospitals Corporation | Community support | 2019 | $15,075 |
| Osf Healthcare System | Support of org operations | 2018 | $15,000 |
| Advocate Health and Hospitals Corporation | Community support | 2018 | $15,000 |
| Osf Healthcare System | Support of org operations | 2017 | $21,000 |
| Advocate Health and Hospitals Corporation | Community support | 2017 | $15,000 |
| Advocate Health and Hospitals Corporation | Community support | 2015 | $15,000 |
Frequently asked questions
- Is Bloomington-normal Area Economic Development Council a legitimate nonprofit?
- Yes. Bloomington-normal Area Economic Development Council is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 37-1169886, based in Normal, Illinois.
- What is Bloomington-normal Area Economic Development Council's EIN?
- Bloomington-normal Area Economic Development Council's Employer Identification Number (EIN) is 37-1169886.
- How much revenue does Bloomington-normal Area Economic Development Council report?
- Bloomington-normal Area Economic Development Council reported $1,063,313 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bloomington-normal Area Economic Development Council have?
- CharityIndex grades Bloomington-normal Area Economic Development Council C+, based on financial health (reserves and operating margin).
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Explore more
Data for Bloomington-normal Area Economic Development Council (EIN 37-1169886) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.